Baxter taps Momenta expertise on biosimilars
In another move to capitalize on the anticipated flood of biosimilars coming to the market, as blockbuster biological drugs come off patent, USA-based Baxter International (NYSE: BAX) and biotech firm Momenta Pharmaceuticals (Nasdaq: MNTA) have entered into a global collaboration to develop and commercialize follow-on biologic products, also known as biosimilars.
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